Changes in business inventories is an important leading economic indicator as they indicate changes in consumer demand. New construction including new home construction is another procyclical leading indicator which is watched closely by investors. A slowdown in the housing market during a boom often indicates that a recession is coming, whereas a rise in the Read Post
Although most traders are using candlestick charts which we covered in the previous video, there is more depth in those as well. Besides candlestick charts, we will also have a look at different graphical representations of price charts such as bar charts, Renko or Heikin Ashi charts. Candlestick charts were developed by Japanese rice merchants Read Post
It is characterized by two peaks of similar height separated by a trough. The pattern forms when an asset fails to break above a previous high, indicating a weakening uptrend. Traders often enter short positions when the price breaks below the trough between the two peaks, targeting a decline in price. Experts believe that there Read Post